Edgewater Wireless Announces Strategic Steps to On-shore Silicon Development and Commercialization of its Next-generation Wi-Fi Spectrum Slicing Silicon

Rhea-AI Summary

Edgewater Wireless Systems (OTC: KPIFF) is advancing its initiatives to on-shore silicon development for next-generation Wi-Fi Spectrum Slicing technology. This move aims to enhance control over silicon supply lines and improve quality assurance, aligning with North American manufacturing efforts. The company expects to create more jobs in Canada and the U.S., ultimately bringing its technology to the forefront of domestic chip production. The strategic focus on quality and supply certainty is set to streamline production processes.

Positive

• Accelerating on-shoring silicon development allows greater control over supply lines and quality assurance.
• Initiative aligns with North American efforts to bolster local semiconductor industry.
• Job creation expected in Canada and the U.S. as a result of on-shoring.
• Focus on finalizing silicon solutions for higher volume markets enhances potential for growth.

Negative

• Dependency on the North American foundry ecosystem may pose risks if local production capacity falls short.
• Challenges remain in transitioning proven designs into scalable production.

Accelerates initiatives to on-shore silicon commercialization and development in advance of the ongoing resurgence in chip manufacturing in North America

OTTAWA, Ontario--(BUSINESS WIRE)-- Edgewater Wireless Systems Inc. (TSXV: YFI) (OTC: KPIFF), the industry leader in Wi-Fi Spectrum Slicing technology for residential and enterprise markets, is pleased to report the Company will accelerate initiatives to on-shore silicon development and commercialization for the next-generation of Wi-Fi Spectrum Slicing silicon solutions.

“On-shoring silicon design and development programs allow us to more directly control silicon supply lines, including design and quality assurance. The strategic initiative will bring us closer access to the North American foundry ecosystem,” said Andrew Skafel, President and CEO of Edgewater Wireless Systems Inc. “This strategic initiative marks a significant milestone in the commercialization of the next-generation of Spectrum Slicing silicon solutions and closely aligns with North American initiatives to develop capabilities closer to home.”

Edgewater Silicon Process & Supply Line Control:
Edgewater’s strategic initiative offers the Company more direct control of its silicon process and supply line, including critical design and quality assurance efforts. It provides closer access to North American foundries both now and in the future — creating more jobs for chip design and QA engineers in Canada and the United States. On-shoring the design and design verification processes will effectively allow complete domestic development in preparation for prototype manufacturing and lab validation of full-duplex Wi-Fi ASICs.

Today, foundries using the most advanced manufacturing process are concentrated outside North America and are operated by Samsung in South Korea and Taiwan Semiconductor Manufacturing Company (TSMC) in Taiwan. Numerous government, semiconductor and industry incentive programs are becoming available in Canada and the United States over the next ten years. They aim to foster innovation, research, development and yield new fabrication facilities while attracting additional investment and ushering in a new era of domestic silicon production. With the strategic on-shoring move, Edgewater aims to bring its next-generation technology to the forefront of these North American initiatives and position itself positively for the capital programs being made available to North American chip manufacturers, product developers, and R&D thought leaders.

Benefits of On-shoring for Edgewater: Quality, Control and Supply Line Certainty
Finalizing silicon development on-shore is the culmination of a multi-year process taking proven designs and cost optimizing silicon solutions for higher volume markets like Residential and Enterprise Wi-Fi. On-shoring enables the Company to more closely monitor quality as designs approach production, also offering supply line certainty and streamlines production management.

Learn more about Edgewater’s next-generation Wi-Fi Spectrum Slicing silicon solutions engineered for Residential and Enterprise applications like Wi-Fi gateways, routers, pods and set-top boxes at www.edgewaterwireless.com

About Edgewater Wireless

We make Wi-Fi. Better.

Edgewater Wireless (www.edgewaterwireless.com) is the industry leader in innovative Spectrum Slicing technology for residential and commercial markets. We develop advanced Wi-Fi silicon solutions, Access Points, and IP licensing designed to meet the high-density and high quality-of-service needs of service providers and their customers. With 24+ patents, Edgewater’s Multi-Channel, Single Radio (MCSR) technology revolutionizes Wi-Fi, delivering next-generation Wi-Fi today.

Edgewater’s physical layer Spectrum Slicing allows a frequency band to be divided, or sliced, to enable more radios to operate in a given area. Think of Spectrum Slicing like moving from a single-lane road to a multi-lane highway — regardless of Wi-Fi technology. The recently completed Proof of Concept (PoC) with a major Tier 1 Service Provider showed 7 to 18 times performance gains in 75% of homes surveyed. Interestingly, homes with the most devices saw the greatest improvements.

For more information, visit www.edgewaterwireless.com.

Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. Although Edgewater Wireless believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because Edgewater Wireless can give no assurance that they will prove to be correct. By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause Edgewater Wireless’ actual results and experience to differ materially from the anticipated results or expectations expressed. These risks and uncertainties, include, but are not limited to access to capital markets, market forces, competition from new and existing companies and regulatory conditions. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this news release or otherwise, and to not use future-oriented information or financial outlooks for anything other than their intended purpose. Edgewater Wireless undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220222006132/en/

Edgewater Wireless Contacts:

Andrew Skafel, President and CEO

E: andrews@edgewaterwireless.com

Bill Mitoulas, Investor Relations

E: ir@edgewaterwireless.com

T: +1.416.479.9547

www.edgewaterwireless.com

Source: Edgewater Wireless Systems Inc.

FAQ

What initiative is Edgewater Wireless Systems (KPIFF) announcing?

Edgewater Wireless is accelerating on-shore silicon development for its Wi-Fi Spectrum Slicing technology.

How does on-shoring benefit Edgewater Wireless Systems?

On-shoring allows better control over silicon supply lines and enhances quality assurance.

What is the expected impact of on-shoring on jobs in North America?

The initiative is expected to create more jobs for chip design and QA engineers in Canada and the U.S.

What markets does Edgewater Wireless aim to serve with its silicon solutions?

Edgewater targets higher volume markets including Residential and Enterprise Wi-Fi applications.